Expecting a 3% jump to the post-tax NTA this week with the month-end performance for the top 5 holdings announced in July solid green. I calculate that today's VG1 SP ($1.815) to be about 33% discount to post-tax NTA. How low can VG1 go? The loss of the short-selling partner is not catastrophic IMO with VG1 now only with 9% short. The current environment portends a SS dream but but the price of everything keeps going vertical which might just be the new normal. Look at the precious metal prices - sheesh!. I note the top 2 companies or roughly 28% of the fund have a direct correlation to inflation/deflation (Amazon and Mastercard). Let us hope the price of everything keeps going up.
VG1 Price at posting:
$1.82 Sentiment: Hold Disclosure: Held
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